cost-of-living allowance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “cost-of-living allowance” in the English Dictionary

"cost-of-living allowance" in British English

See all translations

cost-of-living allowancenoun [C usually singular]

uk   us  
an ​amount of ​money that an ​employee gets in ​addition to his or her ​normalpay, because the ​cost of ​living in a ​particulararea is high: Nurses ​working in the ​capitalreceive an ​additional 7.5 ​percent cost-of-living ​allowance.
(Definition of cost-of-living allowance from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cost of living allowance" in Business English

See all translations

cost of living allowancenoun [C]

uk   us   ( abbreviation COLA)
ECONOMICS, HR extramoney that some ​people receive from their ​employer, for ​example, because they ​work in an ​area that is very ​expensive, or because ​prices have ​increased: A ​cost of ​livingallowance is ​paid to ​cover the ​additionallivingcostsincurred by ​employees who are ​living away from ​home.
(Definition of cost of living allowance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of cost-of-living allowance?
Add Cambridge dictionaries to your browser to your website
Word of the Day

futuristic

strange and very modern, or intended or seeming to come from some imagined time in the future

Word of the Day

Chest pains and palpitations: talking about illness (2)
Chest pains and palpitations: talking about illness (2)
by Liz Walter,
February 03, 2016
My previous post (My leg hurts: Talking about illness (1)) presented some general vocabulary to use at the doctor’s. This one looks at some more specific areas of illness and explains some useful words and phrases that you may need to use or understand on a visit to the doctor’s. There are several

Read More 

awesomesauce noun
awesomesauce noun
February 01, 2016
slang the state of being extremely good or enjoyable or something or someone that is extremely good or enjoyable Recovering from the awesomesauce of another fab #Vidcon!!

Read More